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Makes office printers, copiers and imaging equipment, with a growing digital services business.
Makes office printers, copiers and imaging equipment, with a growing digital services business.
Earns from the machines it places and then from the toner, parts, service and per-page charges that follow the sale. It is steering customers toward managed print and workplace software services as paper use falls. A smaller camera business, Ricoh Imaging, sits alongside.
In one line: Japan's Xerox.
Moat: none (installed base, brand). Legacy office-equipment brand facing a structurally declining print market.
Headquarters: Tokyo, Japan · Founded: 1936 · Employees: 75,635
Size Ricoh (7752.T) is a Japan Industrials company (Computer Peripherals) with a market value of $6.06B, the 208th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,678 on 6 Nov 2026.
Performance Over six months the shares gained 27.5%, against -9.9% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 4.8% over the last twelve months (peer median +7.0%); the operating margin is 3.4% (peer median 10.3%).
Valuation It trades at 13.6× forward earnings against a peer median of 14.4× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.6 points below its cost of capital (5.7% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥2.66T | ¥2.61T | ¥2.53T | ¥2.35T | ¥2.13T |
| Revenue growth | — | +3% | +8% | +10% | — |
| Gross profit | ¥919B | ¥824B | ¥805B | ¥759B | ¥689B |
| EBITDA | ¥210B | ¥198B | ¥164B | ¥160B | ¥155B |
| Net income | ¥83.1B | ¥55.7B | ¥45.7B | ¥44.2B | ¥54.4B |
| Free cash flow | ¥147B | ¥109B | ¥87.9B | ¥72.3B | ¥21.2B |
| Capital expenditure | ¥83.7B | ¥81.6B | ¥81.6B | ¥88.4B | ¥80.6B |
| Total debt | ¥525B | ¥520B | ¥516B | ¥420B | ¥427B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ricoh 7752.T | $6.06B | +28% | +5% | 3% | 13.6× | -1.0% |
| Xerox XRX | n/a | -61% | n/a | n/a | n/a | n/a |
| Konica Minolta 4902.T | $1.79B | +14% | 0% | 5% | 9.7× | -5.6% |
| Canon 7751.T | $28.4B | +18% | +4% | 10% | 12.2× | -0.6% |
| Kyocera 6971.T | $23.4B | +3% | +7% | 6% | 22.5× | 21.3% |
| Seiko Epson 6724.T | $5.39B | +27% | +8% | 6% | 11.9× | 0.8% |
| HP Inc. HPQ | $25.7B | +27% | +9% | 7% | 9.5× | -7.0% |
| Brother Industries 6448.T | $6.52B | +39% | +7% | 13% | 10.5× | -6.3% |
| Sharp 6753.T | $2.18B | -5% | -12% | 2% | 12.0× | 1.2% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 7752.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.1% | -13.9% | 8th highest of 21 |
| 6-month return | +27.5% | -9.9% | highest of 21 |
| Distance from 52-week high | -10.6% | -28.0% | 4th highest of 21 |
| Revenue growth (TTM) | +4.8% | +7.0% | 7th lowest of 21 |
| Operating margin | 3.4% | 10.3% | 3rd lowest of 21 |
| Forward P/E | 13.6× | 14.4× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -1.0% | 4.8% | 4th least demanding of 17 |
| Growth delivered (Del g) | +9.2% | +7.6% | 5th highest of 17 |
| Hurdle (Req g minus delivered) | -10.2 pp | -3.5 pp | 3rd least demanding of 17 |
| ROIC minus cost of capital | -1.6 pp | +0.2 pp | 7th lowest of 21 |
| EV / EBITDA | 6.1× | 7.8× | 3rd cheapest of 19 |
| Net debt / EBITDA | 1.4× | -0.2× | 6th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ricoh 7752.T | Japan | $6.06B | +28% | +5% | 3% | 13.6× | -1.0% | +9.2% |
| Yokogawa Electric 6841.T | Japan | $6.24B | -30% | +7% | 13% | 15.5× | 6.8% | +10.1% |
| MISUMI 9962.T | Japan | $6.25B | +3% | +24% | 13% | 17.9× | 9.3% | +7.3% |
| Agc 5201.T | Japan | $6.33B | -15% | +6% | 6% | 12.6× | 4.8% | +7.8% |
| Hitachi Construction Machinery 6305.T | Japan | $6.36B | -12% | +7% | 10% | 11.2× | 3.9% | +11.6% |
| Sojitz 2768.T | Japan | $5.77B | -19% | +27% | 3% | 7.6× | n/a | n/a |
| Yaskawa Electric 6506.T | Japan | $5.71B | -38% | +6% | 8% | 19.7× | 24.8% | +6.8% |
| Mitsui Kinzoku 5706.T | Japan | $5.61B | -28% | +11% | 18% | 10.1× | 11.6% | +7.7% |
| Kinden 1944.T | Japan | $5.56B | -36% | +8% | 13% | 11.6× | -0.9% | +6.2% |
| SG Holdings Co., Ltd. 9143.T | Japan | $5.56B | +1% | +14% | 5% | 14.0× | -2.6% | +4.6% |
| Toppan 7911.T | Japan | $6.77B | -3% | +9% | 4% | 15.0× | n/a | n/a |
| Toto 5332.T | Japan | $5.40B | -1% | +5% | 8% | 18.2× | 7.8% | +5.0% |
| Tokyo Metro 9023.T | Japan | $5.31B | -8% | +3% | 21% | 16.5× | 4.8% | +7.4% |
| Dai Nippon Printing 7912.T | Japan | $6.96B | -14% | +4% | 7% | 11.8× | n/a | n/a |
| Kandenko 1942.T | Japan | $5.26B | -41% | +4% | 12% | 11.2× | -0.9% | +5.9% |
| Hankyu Hanshin 9042.T | Japan | $7.03B | +3% | +6% | 10% | 13.2× | n/a | n/a |
| MonotaRO 3064.T | Japan | $7.04B | +22% | +19% | 14% | 29.6× | 9.7% | +16.2% |
| Sanwa 5929.T | Japan | $5.10B | +8% | +2% | 11% | 14.8× | -2.6% | +9.1% |
| Ngk 5333.T | Japan | $7.43B | -13% | +10% | 16% | 13.1× | 4.4% | +8.2% |
| HOSHIZAKI 6465.T | Japan | $4.93B | +5% | +12% | 10% | 17.8× | -4.5% | +15.3% |
| Yamato 9064.T | Japan | $4.83B | +26% | +2% | 2% | 34.5× | 8.9% | +1.9% |